Ripple's XRP remains stable with little change on the chart. The market is still in a larger rise trend, possibly forming the third wave of an Elliott wave structure. However, an internal correction appears to be occurring, which is not entirely visible over a wider time frame. XRP is currently located between historical highs and the 2021 breakout point.

At the time of writing this article, the trading price of XRP is $2.47, which has risen by more than 5% in the past 24 hours. The key levels to watch are the range of $2.48 to $2.49. Breaking through this level may indicate an upward trend. Continued breakthroughs in the price channel will indicate that the target for XRP may be $2.76 or even higher.